ASG Plastic Factory Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )

ASG Plastic Factory reported a 44% year-over-year increase in net profit for the first half of 2026, reaching SAR 23.9 million, fueled by a significant 94% surge in Q2 2026 net profit to SAR 13.2 million.
H1 2026 revenue rose 38% to SAR 118.5 million, supported by the operational launch of a new thermoforming production line and increased demand in the pipes sector; these gains were achieved despite a 22% rise in administrative costs linked to the company’s planned transition to the Saudi main market (TASI).
The company achieved 42% completion on its Third Expansion Project, which is scheduled for completion in March 2027, and secured SAR 35 million in financing from the Saudi Industrial Development Fund (SIDF) to support working capital and strategic growth.
Strategic capacity building included signing a 20-year lease for a 100,377 sqm industrial land plot in Sudair City for Industry and Businesses and recording SAR 9.7 million in new asset additions to satisfy rising market demand.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	62,465,308	37,683,847	65.761	56,036,271	11.472
Gross Profit (Loss)	26,135,730	16,601,303	57.431	22,629,316	15.495
Operational Profit (Loss)	14,158,439	6,859,116	106.417	11,493,142	23.19
Net Profit (Loss) Attributable to Shareholders of the Issuer	13,184,951	6,801,510	93.853	10,680,470	23.449
Total Comprehensive Income Attributable to Shareholders of the Issuer	13,184,951	6,801,510	93.853	10,680,470	23.449
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	118,501,579	85,698,906	38.276
Gross Profit (Loss)	48,765,046	36,633,207	33.117
Operational Profit (Loss)	25,651,581	16,560,834	54.893
Net Profit (Loss) Attributable to Shareholders of the Issuer	23,865,421	16,532,690	44.352
Total Comprehensive Income Attributable to Shareholders of the Issuer	23,865,421	16,532,690	44.352
Total Shareholders Equity (after Deducting Minority Equity)	172,532,533	155,364,612	11.05
Profit (Loss) per Share	3.39	2.35
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The Group achieved a 66% increase in revenue during the second quarter of 2026, reaching SAR 62.5 million, compared to SAR 37.7 million in the second quarter of 2025. This positive performance was driven by: - Higher sales volumes as a result of increased demand for the Group's products. - Higher operating rates and greater utilization of the available production capacity. - Growth in revenue from the Pipes and Fittings segment, driven by strengthened market presence and an increased market share.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The Group's net profit increased by 94% to reach SAR 13.2 million in the second quarter of 2026, compared to SAR 6.8 million in the second quarter of 2025. This increase was primarily attributable to: - Strong revenue growth driven by higher sales volumes and improved operating performance. - Improved profit margins resulting from enhanced operational efficiency and better cost management. - Improved performance of the subsidiary compared to the corresponding period of the previous year.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The Group achieved an 11% increase in revenue during the second quarter of 2026, reaching SAR 62.5 million, compared to SAR 56 million in the first quarter of 2026. This positive performance was driven by: - Higher revenue resulting from increased demand and higher sales volumes, supported by continued strong demand during the current quarter, which coincided with the summer season, a period that typically experiences increased demand for the Packaging segment's products. - Expansion of production capacity and enhanced ability to meet demand, which positively contributed to revenue growth.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The Group's net profit increased by 23% to reach SAR 13.2 million in the second quarter of 2026, compared to SAR 10.7 million in the first quarter of 2026. This positive performance was driven by: - Higher revenue and improved operating margins, resulting from increased production efficiency and the Group's continued initiatives to optimize and control costs. - Expansion of production capacity and greater utilization of the available operating capabilities, which supported profit growth.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The Group achieved a 38% increase in revenue during the first half of 2026, reaching SAR 118.5 million, compared to SAR 85.7 million in the first half of 2025. This positive performance was driven by: - Higher revenue resulting from increased demand and higher sales volumes, supported by the Group's continued strong operating performance throughout the first half of the year. - Expansion of production capacity and increased operating capacity at the Group's manufacturing facilities, enabling it to meet growing demand and support revenue growth. - The Group's continued efforts to strengthen its market presence and expand its customer base.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The Group's net profit increased by 44% to reach SAR 23.9 million in the first half of 2026, compared to SAR 16.5 million in the first half of 2025. This increase was primarily attributable to: - Higher net profit driven by revenue growth and improved operating performance during the period. - The continued implementation of efficiency enhancement initiatives and operational improvements, which contributed to stronger profit margins. - The benefits of expanded production capacity and an improved ability to meet growing demand.
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	None
Reclassification of Comparison Items	None
Additional Information	For more information regarding the financial results for the period, please refer to the attached document.
Attached Documents	Attached Documents